Daily limit: 0/10
RedHoek&Partners Secures $12M Construction Loan For Development Site In Red Hook, Brooklyn
FINANCED
$12,000,000
New York
See Similar DealsDevelopment Site
Financed 12/08/2023
FINANCED
RedHoek&Partners Secures $12M Construction Loan For Development Site In Red Hook, Brooklyn
379 Van Brunt Street
See Similar DealsDevelopment Site
Financed 12/08/2023
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
RedHoek+Partners, represented by Lee Cohen, secured a $12 million new construction loan from S3 Capital for the development building at 379 Van Brunt Street in Red Hook, Brooklyn. The development site has a buildable square footage (BSF) of 15,599 and is located in the Red Hook market.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $12,000,000
- Lender: Joshua Crane - S3 Capital
- Landlord: Lee Cohen - RedHoek+Partners
S3 Capital provided the $12 million new construction loan to RedHoek+Partners for the development site at 379 Van Brunt Street. Represented by Lee Cohen, RedHoek+Partners successfully secured the financing for the project in Red Hook, Brooklyn.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$12,000,000.00
Monthly NOI$80,000.00
Monthly Debt Service$75,848.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions